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mobile wallets News
Can PhonePe's new PoS be a game-changer for UPI?
Wed, Nov 01, 2017
The device is designed as an electronic calculator to make it easy for shopkeepers to use them.
UPI still way behind other digital payments despite growing tie-ups with mobile apps
Mon, Sep 18, 2017
Google finally launched Tez mobile payment app which is integrated with UPI. This comes a day after Airtel Payment Bank announced tie-up with UPI.
Adoptions rise but mobile wallets still less than 1% of all digital transactions
Fri, Aug 25, 2017
Mobile wallets that were glorified during the demonetisation era were just 1% of overall value transactions in FY17.
Samsung Pay now available on UPI; collaborates with Axis Bank
Thu, Apr 27, 2017
With the launch of UPI on Samsung Pay, users can create their unique virtual addresses @pingpay enabling them to make seamless bank to bank transfers.
Whatsapp to use UPI payments soon; here's how it may work
Wed, Apr 05, 2017
Facebook owned messaging app, Whatsapp may soon launch Unified Payments Interface (UPI) to promote peer-to-peer payment on its platform among other payment modes. Whatsapp that has 200 million users in India would have its own mobile wallet which could be out in a matter of six months.
MobiKwik welcomes govt's draft regulations on digital wallets
Fri, Mar 10, 2017
The Ministry of Electronics and Information Technology has released a set of draft guidelines for digital wallet companies on Wednesday as part of its efforts to promote electronic payments.
Paytm withdraws 2% fee for adding money to mobile wallets using credit cards
Fri, Mar 10, 2017
Mobile payment company Paytm on Friday announced withdrawal of 2% fee charged on adding money to mobile wallets via credit cards.
Only 70% citizens feel charges on cash transaction are a bad decision: Survey
Tue, Mar 07, 2017
The survey said, “Consumers are of the opinion that instead of reducing the cost of digital transactions, private banks are trying to show the stick to the customer and forcing them to go digital. Consumers are very concerned with the cost of digital transactions and many of them have reported that merchants are still charging 2% additional for debit, credit or wallet transactions.”
Charge on cash deposit: Why blame the banks when RBI approved move
Mon, Mar 06, 2017
One of the reasons could be the rise in cash withdrawals since January 2017. RBI data show that people have already started withdrawing cash from their bank accounts in large numbers which has led to slowdown in digital transactions.
How Freecharge got left behind in the digital payments race
Fri, Feb 24, 2017
Freecharge that was just behind Paytm before demonetisation, but failed to capitalise on the opportunity quickly.
India to be a key target for cyber criminals post demonetisation
Thu, Jan 19, 2017
Security has mobile wallets and point-of-sales (POS) devices has been coming under serious attacks post demonetisation.
Tailor more products to Indian needs: Prasad to Google
Wed, Jan 04, 2017
The minister highlighted areas including cyber security where the technology giant could play a bigger role.
Demonetisation effect: Average e-wallet spends to touch Rs 10,000 next year
Fri, Dec 30, 2016
Post-demonetisation, e-wallet or mobile-wallets (m-wallet) started gaining momentum due to the severe cash crunch on account of 86% of currency being made illegal overnight.
Demonetisation: RBI's rules and roll-backs since November 8
Thu, Dec 22, 2016
Prime Minister Narendra Modi shocked the country on Nov. 8 by abolishing 500 and 1,000 rupee notes, which accounted for 86% of the cash in circulation. The move was aimed at cracking down on the shadow economy, but has brought India`s cash economy to a virtual standstill.
Financial transactions from your phone are still far from safe
Fri, Dec 02, 2016
While mobile wallets, banks are looking to grow their digital payment systems, there are still many risks which they have not yet taken care of.
MobiKwik Lite crosses 20 lakh downloads in just 2 days as cash crunch prevails
Thu, Dec 01, 2016
Mobile wallet and online payment system, MobiKwik’s mobile app – MobiKwik Lite registered 20 lakh downloads in the first two days after its launch owing to demonetisation and the current cash crunch.
Digital wallets on an offensive but how do people with feature phones benefit?
Tue, Nov 22, 2016
While mobile wallet companies are in an overdrive to capitalise on demonetisation by large marketing campaigns, many have not create a solution for feature phone users in India.
Will Trai's model on scaling Wi-Fi hotspots work?
Mon, Nov 21, 2016
While the consultation paper throws open the door to many options to increase Wi-Fi hotspots, it doesn't get into details of how this will actually work out.
Paytm targets retail store transactions worth Rs 400 crore by year-end
Fri, Nov 18, 2016
The company has seen a sudden surge in retail store transactions after the demonetisation of Rs 500, Rs 1,000 notes.
Not mobile wallets, cash will still be king in India
Thu, Nov 10, 2016
While mobile wallets came out immediately with figures of how much people have increased using their services after PM Modi's announced, the fundamental question still remains whether people will revert to buying using cash once they have exchanged their currency.